The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Bright Health Group, Inc. (“Bright Health” or “the Company”) (NYSE: BHG) for violations of the federal securities laws.
Investors who purchased the Company's shares pursuant and/or traceable to the Company’s initial public offering conducted on June 24, 2021 (the “IPO”), or between June 24, 2021 and November 10, 2021, inclusive (the “Class Period”), are encouraged to contact the firm before March 7, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Bright Health overstated its business and financial prospects for the post-IPO period. The Company was not ready to manage costs related to the COVID-19 pandemic. The Company suffered from a reduction in premium revenue due to its inability to capture risk adjustments. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Bright Health, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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